FIA Threatens Formula One Drivers In Tax Havens With Extreme New Max Tax

"Amid the argument over costly F1 superlicenses, an FIA spokesperson at Silverstone suggested that the body might instead agree to receiving a flat fee based on 15 per cent of the income of wealthy drivers living in tax exile. "

Originally posted by bond "Amid the argument over costly F1 superlicenses, an FIA spokesperson at Silverstone suggested that the body might instead agree to receiving a flat fee based on 15 per cent of the income of wealthy drivers living in tax exile. "

I do not think FIA even have the authority to do so, link license fee to income for only those living in tax exiles. How will FIA even determine actual incomes? Do Max & Co. really think that they have got authority to demand this data, over-ruling the sovereignty of countries worldwide?!

This is another tactic to re-build his scary tyrant image. One challenge in some EU court and Max Hardcore's whole house of cards will fall apart.

Q. (Alan Baldwin – Reuters) Lewis, there was a quote from an FIA spokesman in one of the papers this morning about the super-licence issue, saying that drivers who live in tax havens should maybe pay 15 percent of their incomes as a flat rate instead of the points system. What do you think of that?

LH: I'm not going to tell you what I think of that!

DC: I will. I'll tell you what I think of that. I think you people have got to understand the taxation system. Even if you're a non-resident in the UK, we still pay a percentage of our salaries to race at the British Grand Prix, so my contribution to the UK tax system is still considerably more than any of my family members who have got good jobs and who look after themselves.

And I don't use all the facilities in the UK. I had this years ago, when I moved to Monaco, people making comments when they don't know what the real situation is. Our lifestyle choice is a lifestyle choice – everyone's free to make that and I think it's wrong of people to have a dig at someone else who's having perceived financial success and choosing to live in a country that suits his needs at that time.